Jaitley said 64,275 declarations were made in the four-month window and this figure could go up once all the declarations filed online and manually were compiled. The money declared totals Rs 65,250 crore, of which 45 per cent would accrue to the government as tax and penalty.

Reiterating that the one-time window was not an amnesty scheme like the 1997 one, Jaitley said the tax collected in the 1997 Voluntary Disclosure of Income Scheme (VDIS) was Rs 9,760 crore with an average declaration of Rs 7 lakh.

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